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A 10-year zero coupon bond is trading at a YTM of 5%. Use the modified duration approximation to estimate the percentage price change given

A 10-year zero coupon bond is trading at a YTM of 5%. Use the modified duration approximation to estimate the percentage price change given a decline in the YM to 4%. a. b. +10% +9.5% C. -10% d. -9.5%

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